OR Appoints Nisit Pongwuttipraphan as New CEO
Key points
- PTT Oil and Retail Business (OR) has selected Nisit Pongwuttipraphan to succeed M.L.
- Peekthong Thongyai as CEO, effective upon the latter's term expiration in February 2027.
PTT Oil and Retail Business Public Company Limited (OR) has officially announced the appointment of Nisit Pongwuttipraphan as its new Chief Executive Officer. According to a filing with the Stock Exchange of Thailand (SET) on October 27, 2026, the company’s board of directors approved the selection to replace the current CEO, M.L. Peekthong Thongyai, whose term is scheduled to conclude on February 21, 2027.
For residents and frequent travelers in Thailand, OR is a significant entity as it operates the extensive PTT Station network and the Café Amazon chain. Changes in top-level leadership often signal shifts in corporate strategy, which may influence service standards, retail expansion, or fuel pricing policies across the country.
While the board has confirmed the selection, the transition process is ongoing. A subcommittee is currently tasked with negotiating the employment contract, including compensation and benefits. These terms must subsequently be submitted to the Ministry of Finance for final approval, in accordance with the Standard Qualifications for Directors and State Enterprise Employees Act. Until these administrative steps are finalized and the official handover occurs in February, the current management remains in place. Further updates regarding the specific strategic direction under the new leadership are expected following the formal transition.
